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Tourist arrivals in Greece up 18.7 pct in 2013 but lower average spending points to missed potential
Economyof total employment). The long-term target points to 389,000 jobs by 2024 implying an increase... two years. Nevertheless, its share of total travel spending remained relatively low at 5.2 percent.... For 2014, SETE expects total arrivals and receipts at 18.5 million and 13 billion euros respectively
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NPLs: The Achilles heel of the Greek banking system
AgoraAdjustment Program, the European Commission (EC) came up with a higher number of the total NPL ratio... – reached 40 percent of total loans by the end of 2013. Nevertheless, the BoG figure of 31.9... the calculated 72.3 billion NPLs and the disclosed total NPL figure of 77 billion, we get a difference of around
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Greeks living in smaller, older, poorer quality homes during crisis, BoG study shows
Society, with the respective share to total houses increasing to 12.3 percent in 2012 from 9.9 percent... enjoyed the highest share at 22.3 percent of total. This almost halved to 12.2 percent in 2012... people (with age higher than 65 years) to the total population rose to 20.1 percent in 2012 from 18.7
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How Greek banks' capital needs could be reduced by 2.3 bln
Economybillion. Note that NBG’s total DTA consideration stands at 4.5 billion euros, which means the bank... that under the current legislation a total DTA consideration of 2.3 billion euros (20 percent of the total DTA amount of 11.5 billion – equivalent to 2-year phase out) could not be recognised as CET1
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Greek central government debt rises to 322.4 bln in Q2
Economypercent of total in Q2 from 66.1 percent in Q1. Long-term bonds amounted to 68.03 billion (21.1 percent of total from 23.2 percent) and T-Bills to 14.97 billion (4.6 percent). Following the last eurozone and International Monetary Fund (IMF) tranches paid within Q2 2014, total disbursements from
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GSEE report stresses risks on employment and the pension system, outlines burden on wages
Societyof employed being reduced by 20 percent. The report also stresses that the total reduction in the unit... with its share to total employment at 20 percent from less than 6 percent before. This is more pronounced in new hirings, where flexible forms of work accounted for 46.4 percent of total in 2013 from 21
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Greece changes banks' DTA conversion law to secure ECB/EBA approval
Economyshares (capital increase) for a total amount resulting from the formula: DTC over capital times... percent of total), and the bank reports pre-tax loss of 1 billion, then the bank will proceed... to total capital. Banks face a risk from the dilution that would occur during the exercise of conversion
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The politics of debt dynamics in Greece
Agorafor Greece of 174.8 percent or a total of 318.6 billion euros. The revised projection of the IMF... of the total volume of accumulated sovereign debt is critical in this respect. We need to emphasise the trend and not the overall total number. The increase in the ratio of Greek public debt to pre
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Regional airports deal represents biggest privatisation yet for Greek government
Economyadjusted to the consumer price index, which brings the total consideration to 2.15 billion at current..., Mytilini, Mykonos, Samos, Skiathos. In 2013, these airports served a total of 19.1 million passengers..., HRADF has completed 18 privatization projects in the last 3 years with total proceeds of 5.36 billion
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Six in 10 Greeks earn less than average salary of €1,022 in private sector
Society. The data, drawn from the ministry’s Ergani database of hirings and dismissals, put the total number... that the total gross monthly wage bill in Greece amounts to 1.595 billion euros, up 5.35 percent on last... and 45–64 year-old cohorts went up from 6.49 to 6.91 and 27.67 to 28.43 percent of the total
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